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<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Author</th> <th class="thCornerR">Message</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>WSJ</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Sat, Feb 9 2008, 2:22 pm EST<span class="gen"> </span> Post subject: Yahoo Board to Reject Microsoft Bid</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">Yahoo Board to Reject Microsoft Bid <br /> <br />By Matthew Karnitschnig <br /> <br /> Yahoo Inc.'s board plans to reject Microsoft Corp.'s unsolicited $44.6 billion offer to acquire the Web giant, a person familiar with the situation says. <br /> <br />After a series of meetings over the past week, Yahoo's board determined that the $31 per share offer "massively undervalues" Yahoo, the person said. It also doesn't account for the risks Yahoo would be taking by entering into an agreement ... <br /> <br /><a href="http://online.wsj.com/article/SB120257515426256541.html?mod=hpp_us_whats_news" target="_blank">http://online.wsj.com/article/SB120257515426256541.html?mod=hpp_us_whats_news</a> <br /> <br />CNBC: <br /> <br />Yahoo Inc's board believes Microsoft's unsolicited bid of $44.6 billion to acquire Yahoo "massively undervalues" the company and directors are set to reject the offer, the Wall Street Journal reported Saturday, citing an unnamed source. <br /> <br />The $31 per share offer from Microsoft fails to take account of the risks that a merger between the world's largest software maker and Yahoo would be rejected by regulators, the paper reported, citing "a person familiar with the situation." <br />... <br /><a href="http://www.cnbc.com/id/23083917" target="_blank">http://www.cnbc.com/id/23083917</a></span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
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